Global Hydrogen Peroxide Market is estimated to be valued at 5,107.01 Kilo Tons in 2021, according to the Global Hydrogen Peroxide Market Report, by Product Type (35% Hydrogen Peroxide, 50% Hydrogen Peroxide, and Others), by Application (Paper & Pulp, Textile, Chemical Synthesis, Wastewater Treatment, Personal & Home Care Products, Food, and Others), and by Region (North America, Latin America, Asia Pacific, Europe, and Middle East & Africa), published by Coherent Market Insights.
Global hydrogen peroxide market was valued at 5,107.01 Kilo Tons in 2021and is expected to register a CAGR of 3.4% over the forecast period (2022–2030). The Asia Pacific region is expected to dominate market over the forecast period and is projected to be the largest and fastest-growing region.
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https://www.coherentmarketinsights.com/market-insight/hydrogen-peroxide-market-3331
Browse 50 market data tables* and 40 figures* on "Global Hydrogen Peroxide Market” - Forecast to 2030.
Key Trends and Analysis of the Global Hydrogen Peroxide Market:
- Due to the rising demand from the chemical and wastewater treatment industries, hydrogen peroxide has significantly increased during the last few years. The paper and pulp industry is a significant market for hydrogen peroxide and is expected to develop at a moderate rate throughout the forecast period. It is essential to remove printing ink from paper recycling, when fibres are used once again to make tissue grades or printing papers. Hydrogen peroxide is the major chemical used for fibre brightening. Small amounts of hydrogen peroxide are sufficient to improve the brightness and prevent alkaline yellowing.
- For instance, in May 2020, Kemira Oyj, a chemical company signed an agreement with UPM-Kymmene Corporation, a Finnish forest industry company for expansion of hydrogen peroxide production in Uruguay, South America. Through this agreement, Kemira Oyj expanded its bleaching chemical supply in Uruguay, South America.
Key Takeaways of the Global Hydrogen Peroxide Market:
- Among Application, Paper & Pulp segment dominated the global hydrogen peroxide market in 2021. This segment is expected to hold dominant position in the market over the forecast period, owing to rising adoption of hydrogen peroxide as a clean oxidizing agent by paper & pulp industries.
- Among region, Asia Pacific dominated the global hydrogen peroxide market in 2021, reporting 44.90% market share in terms of revenue, followed by Europe and North America, respectively.
- New product launches, merger & acquisitions, strategic partnership expansion, and research & development activities are key strategies adopted by players in the global hydrogen peroxide market.
